Q1 2018 EPS Estimates for Valmont Industries, Inc. (VMI) Decreased by Boenning Scattergood
Valmont Industries, Inc. (NYSE:VMI) – Stock analysts at Boenning Scattergood decreased their Q1 2018 EPS estimates for shares of Valmont Industries in a report released on Thursday. Boenning Scattergood analyst R. Connors now anticipates that the industrial products company will earn $1.72 per share for the quarter, down from their prior forecast of $1.73. Boenning Scattergood has a “Buy” rating and a $185.00 price target on the stock.
Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Valmont Industries from a “hold” rating to a “buy” rating and set a $178.00 price target for the company in a research note on Tuesday. Stifel Nicolaus restated a “buy” rating and issued a $183.00 price target on shares of Valmont Industries in a research note on Tuesday. Seaport Global Securities initiated coverage on Valmont Industries in a research note on Wednesday, September 6th. They issued a “buy” rating and a $160.00 price target for the company. Finally, BidaskClub upgraded Valmont Industries from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Valmont Industries presently has an average rating of “Buy” and a consensus target price of $176.50.
Shares of Valmont Industries (VMI) traded down 1.46% on Friday, hitting $159.00. The company had a trading volume of 77,146 shares. The firm has a 50-day moving average price of $154.63 and a 200 day moving average price of $151.38. Valmont Industries has a 12-month low of $121.05 and a 12-month high of $165.20. The company has a market capitalization of $3.59 billion, a P/E ratio of 19.70 and a beta of 0.99.
Valmont Industries (NYSE:VMI) last issued its earnings results on Wednesday, October 18th. The industrial products company reported $1.56 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.04). The firm had revenue of $680.78 million during the quarter, compared to analyst estimates of $652.65 million. Valmont Industries had a net margin of 7.02% and a return on equity of 14.95%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 earnings per share.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a dividend of $0.375 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.93%. Valmont Industries’s payout ratio is 17.90%.
Several large investors have recently added to or reduced their stakes in VMI. BlackRock Inc. lifted its position in shares of Valmont Industries by 13,061.6% during the 1st quarter. BlackRock Inc. now owns 1,764,835 shares of the industrial products company’s stock valued at $274,432,000 after acquiring an additional 1,751,426 shares during the period. Pictet Asset Management Ltd. lifted its position in shares of Valmont Industries by 90.0% during the 2nd quarter. Pictet Asset Management Ltd. now owns 407,665 shares of the industrial products company’s stock valued at $59,682,000 after acquiring an additional 193,098 shares during the period. Prudential Financial Inc. lifted its position in shares of Valmont Industries by 516.7% during the 2nd quarter. Prudential Financial Inc. now owns 150,833 shares of the industrial products company’s stock valued at $22,565,000 after acquiring an additional 126,375 shares during the period. Vanguard Group Inc. lifted its position in shares of Valmont Industries by 5.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,869,447 shares of the industrial products company’s stock valued at $279,669,000 after acquiring an additional 90,745 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in shares of Valmont Industries during the 1st quarter valued at $14,026,000. Hedge funds and other institutional investors own 83.63% of the company’s stock.
About Valmont Industries
Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.
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